Goodyear wants to end Sumitomo Rubber tyre joint venture

Sumitomo Rubber's Kobe headquarter building Sumitomo Rubber's Kobe headquarter building

Goodyear Tire & Rubber Co. Ltd has asked Sumitomo Rubber Industries Ltd. to end the two companies’ tyre joint venture in Europe and alliances in Japan and the US. According to a report published by the Kyodo news agency and reproduced by numerous sources online, the increasing influence of emerging economies (as opposed to the mature markets in the cooperation) is behind the move. A Japanese language statement on Sumitomo’s corporate website appears to confirm the report. Tyres & Accessories is seeking further confirmation and comment on this breaking news and will publish additional details as they become available.

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Goodyear confirms alleged ‘anticompetitive behaviour’ is why it’s ending Sumitomo alliance February 14, 2014
[…] Goodyear executives yesterday, later on 13 February 2014 Goodyear confirmed that it is moving to end its joint venture with Sumitomo Rubber Industries. The company also confirmed comments suggesting that the move has […]
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